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Small Business Majority Voices Opposition Against Short-Term, Limited Duration Insurance

Date:

Tuesday, 17 April, 2018

Small Business Majority voiced opposition against the proposed rule change that would permit insurers to sell “short-term” health insurance plans that provide coverage for up to 364 days, well beyond the three months currently permitted by the Affordable Care Act. Short-term health insurance is meant to fill a gap in an individual’s coverage in the instance of job loss or other life change. These plans are not required to cover essential health benefits like prescription coverage or mental health treatment. They will create an unbalanced risk pool that disrupts the individual marketplace and raises costs for everyone else who remains in the individual marketplace.